The Euribor continues overwhelming with the falls in its daily rate threatening to get off the barrier of 2%. The index to which most of the mortgages are referenced at a variable type marks this Wednesday, April 23, 2025, a figure of 2,022%, the lowest level since September 2022. Experts begin to point out that the index will remain below 2% for 2026. Futures anticipate that the soil will be about 1.6% in the middle of next year.
This new fall in the daily rate of the Euribor is a total of 0.106 points below the figure of the previous daya great decrease for an index that does not usually present much volatility. In fact, this fall adds to others of the same level throughout the month of April, as is the case that occurred at the beginning of the month, with a fall of 0.103 points between April 7.
Falls have accelerated with the current tension context in financial markets. This month has been marked by the instability and uncertainty of world markets in the face 25 basic points last Thursday, April 17.
In this way, the provisional average of the Euribor, A few days after the final closure, it is already at 2.16%a figure that already confirms a new month closure downward, since last March the Euribor marked 2,398%. This means good news for mortgages at a variable type, which will see, once again, reviews of their mortgage installments down.
Will the descents continue for the Euribor?
Experts begin to see it clearly and to change their forecasts: the falls of the Euribor will continue in everything left of the year. Moreover, futures already point to an acute decrease in the values of the mortgage index, also throughout 2026, where It will remain below 2%.
The first great analysis house to introduce this perspective in its forecasts has been function. Has cut its average estimate for this year to 2%, since the past 2.2%, and 1.75%from 2.11%.
These data They have changed considerably with respect to the forecast that the main studies centers handle. In March 2025, the forecasts of CaixaBank experts stayed at 2.09% by the end of 2025 and 2.18% for 2026, at the same time that Funcas pointed to 2.22% and 2.11% for December 2025 and final of 2026, respectively. In the case of Bankinter, the forecasts in March pointed to an annual Euribor of 2.25% in 2025 and 2.5% by 2026.
Futures suggest that the Euribor will close about 1.65% for the end of the year
The most reasonable thing is that the signatures also cut their forecasts. Three -month Euribor futures also foresee a decrease below 2%. Specifically, the value for December this year It already points to 1.65%a trend that will remain throughout 2026.
So, How long will these Euribor goals last? Although a downward trend is maintained throughout 2026, already by December of that year the futures of the Euribor establish 1.81%, a figure that, although it does not exceed 2%, does show a rebound in the index. Thus, in the middle of next year, the Euribor declines are slowed around 1.6%, according to the futures, Starting to emerge from the last quarter of 2026.
What will happen to mortgages?
The first thing to know is that the monthly data of the Euribor directly affects the mortgage reviews, since the banks recalculate the variable mortgages with the monthly average, going up or down compared with the data of six or twelve months ago.
Thus, the monthly closure of twelve month ago, precisely in April 2024, when the Euribor had just left a resounding bullish streak, remained at 3,703%, A figure above the current monthly average of April 2025 (2.16%). Thus, those who have a mortgage review in March will see the amount of their quotas.
To see it with an example, for a mortgage of 140,000 euros to 30 years (360 months), with a 1% differential and taking as reference the month of April of the year 2024, when the Euribor closed to 3,703%, The monthly fee was 726.35 euros.
Now, with the final average of March 2025, which is 2.16%, the mortgage share of the owners who have review in February will fall to the 576.61 euroswhich means that They will pay 149.74 euros less than a year ago.
How is Euribor calculated?
The Euribor responds to the name European Interbank offered rate and is calculated through a panel of European banks that report every day to which rate interbank loans are made. As of 2020, the calculations are made hybridly. Panel data is included, but also the estimates of the market itself, with the aim of reducing volatility and the risk of manipulation, to which these indices were submitted at the beginning of the century.
The panel consists of 18 European banksamong which are Santander, BBVA, Barclays, Deutsche Bank or Unicredit.
Every working day at eleven o’clock in the morning, the average interest rate is published in which the financial institutions lend capital to One week, one month, three months, six months and 12 months.
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